Pay Attention to Warnings!

It was bright day, you are traveling in a fast train full of friends and acquaintances. Everyone is laughing and having a good time. One guy stands up and calls for everyone’s attention. When everything falls silent, he tells them that he has evidence there is danger ahead. Not too far down the line, the train will go across a wide ravine. Hundreds of feet below, the river rages violently. Some of the track is missing and the train is doomed to plunge into the flood below with fatal consequences. Before the train reaches the river; however, it will make one final stop at a station where those who want to can get off. After that it will speed on to its final doom.

After the train pulled into the station, the speaker and a few who understood the risks stepped off. A majority remained, mocking them with impunity. The doors soon closed and the train shuffled off slowly from the station. The crowd inside the train laughed and joked amongst themselves about the “wiseman” and “his flock.” All but one young lady, just staring up at the route map. The train reached full speed. Then she turned anxiously to everyone and said, “I think we made a big mistake. We should have listened to that guy! There’s construction on the bridge ahead according to this route map!” Everyone looked out the right side windows in horror as the train continued around a bend speeding headlong towards the unfinished bridge ahead over the ravine.
The warnings of impending economic collapse are posted everywhere in the open for all to see. Some people choose to mock the messenger. Some people choose to mock those heeding the warnings. Some people choose to simply ignore them. Then there is the issue of opposing messages and messengers. Many in the audience have already lost a lot of money so they’re listening. The big question is who should they listen to?

The very same people who failed to warn of the impending doom are the very ones now selling a bottom and recovery in progress. Do they really deserve to be listened to? Then there are those that called the depression, but are now being dubbed ‘doomers’ and unworthy of serious consideration. Naysayers dub the “doomer’s” success ‘lucky’ but now we should listen to serious financial professionals?! Give me a break.

This economy is in shambles. Bernanke is covering up the BoA/Merrill fiasco and buying US bonds. Meanwhile Congress is on a spending binge while we the taxpayers get soaked. What do they want to do? Pass a healthcare bill that really is a coverup to get cash to pay for their spending habits.

Sharpen the pitchforks, pluck the chickens, heat the tar, and stuff the effigies. Party in DC coming soon!